United Natural Foods (NASDAQ:UNFI) Rating Reaffirmed
In recent note finalized on 4 December, The Underperform rating of United Natural Foods (NASDAQ:UNFI) shares was maintained at RBC Capital Mkts, who now has a $46 target on the stock. RBC Capital Mkts’s target may mean a possible upside of 8.93% from the last stock price of the company.
From a total of 18 analysts covering United Natural Foods (NASDAQ:UNFI) stock, 8 rate it a ”Buy”, 3 a “Sell”, and 11 a ”Hold”. This means that 36% of the ratings are positive. The highest target price is $72 while the lowest target price is $35. The mean of all analyst targets is $54.33 with a 35.83% above today’s ($42.23) stock price. United Natural Foods was the topic of 29 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Pivotal Research maintained shares on November 18 with “Sell” rating. Piper Jaffray maintained shares with “Overweight” rating and $56 target share price in a report from an August 29. Piper Jaffray downgraded UNFI stock in a recent report from November 5 to “Neutral” rating. Stephens maintained the rating on August 22. Stephens has a “Overweight” rating and a $72 price target on shares. Finally, Deutsche Bank maintained the stock with “Hold” rating in a report issued on an August 23.
The stock decreased 1.95% or $0.84 on December 3, striking $42.23. Approximately shares of stock traded hands. United Natural Foods, Inc. (NASDAQ:UNFI) has declined 37.61% since May 1, 2015 and is downtrending. It has underperformed by 34.83% the S&P500.
United Natural Foods, Inc. is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada. The company has a market cap of $2.12 billion. It offers products, in six product categories: grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and food service products and personal care items. It has 15.3 P/E ratio. The Company’s activities consist of three operating divisions: wholesale division, which includes its natural, organic and specialty distribution business in the United States; UNFI Canada, which is its natural, organic and specialty business in Canada; Albert’s Organics, Inc. and Select Nutrition; retail division, consisting of EOM, which operates its 12 natural products retail stores within the United States; manufacturing division, consisting of Woodstock Farms Manufacturing.
According to Zacks Investment Research, “United Natural Foods is the leading independent national distributor of natural foods and related products in the United States. The company is the primary supplier to a majority of its customers, offering high-quality natural products consisting of groceries and general merchandise, nutritional supplements, bulk and foodservice products, personal care items, perishables and frozen foods.” Get a free copy of the Zacks research report on United Natural Foods, Inc. (UNFI).